Stephens & Co. Maintains Overweight on Business First Bancshares, Raises Price Target to $24
Portfolio Pulse from Benzinga Newsdesk
Stephens & Co. analyst Matt Olney maintains an Overweight rating on Business First Bancshares (NASDAQ:BFST) and raises the price target from $23 to $24.
October 27, 2023 | 3:31 pm
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POSITIVE IMPACT
The Overweight rating maintained by Stephens & Co. and the raised price target could potentially lead to a positive market reaction for Business First Bancshares.
Analyst ratings and price targets can significantly influence investor sentiment and stock prices. In this case, the Overweight rating indicates that the analyst believes BFST will outperform its peers in the market. The raised price target from $23 to $24 suggests the analyst sees further upside potential for the stock, which could attract more investors and drive the stock price up in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100